Polygon (MATIC) has recently surpassed Solana (SOL) in weekly NFT sales rankings, marking a significant shift as Solana has been a consistent leader in NFT sales volume over the past few months. This development is noteworthy for Polygon, which has seen a decline in NFT sales discussions due to the rising popularity of Bitcoin inscriptions and new NFT launches on the Solana platform.
In the last 30 days, Solana secured the third spot in NFT sales volume with over $306 million, a remarkable 93% increase. Meanwhile, Polygon recorded an 83.8 million dollar sales volume, achieving a fourth-place ranking and approximately a 46% rise. Bitcoin and Ethereum led the 30-day sales volume chart with $876.7 million and $318 million, respectively.
Over a seven-day period, Polygon achieved third place with sales exceeding $44 million, boasting the highest growth rate among the top networks at over 160%. Solana followed closely in fourth place with more than $39 million in sales. The latest 24-hour data showed Solana maintaining the third-highest volume, while Polygon ranked fourth.
Analysis of Solana and Polygon’s timeline charts indicated positive trends in the last two days, with SOL’s price trend experiencing a more sustained rise over the last four days. This upward movement pushed the Relative Strength Index (RSI) above the neutral line, suggesting a recovery from a previous decline. MATIC began its recovery on January 10 with an 11.58% increase, followed by an additional 5% gain, trading around $0.9, and the RSI moving back above the neutral line, indicating a positive market sentiment.